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Stock Yards Bancorp Executive Compensation (FY25)

SYBT · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): April 29, 2026
254 figures on this page: 247 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
The say-on-pay proposal drew 96.2% of votes cast for or against in favor at the meeting held April 23, 2026 for fiscal 2025, and companies named in the disclosed peer group include 1st Source Corporation, Amerant Bancorp Inc., Berkshire Hills Bancorp Inc., Business First Bancshares Inc. and Capital City Bank Group Inc., among others. The fiscal 2025 disclosure covers 5 named executive officers. Figures cover fiscal 2023 through fiscal 2025.
Latest say-on-pay support
=
April 23, 2026
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Say-on-pay support: 97.5%96.2% (1.3 points lower)

Frequently asked questions

Answers drawn from the data on this page.
What was Stock Yards Bancorp's say-on-pay result?
The say-on-pay proposal drew 96.2% of votes cast for or against in favor at the meeting held April 23, 2026 for fiscal 2025.
Which companies are in Stock Yards Bancorp's peer group?
Companies named in the disclosed peer group include 1st Source Corporation, Amerant Bancorp Inc., Berkshire Hills Bancorp Inc., Business First Bancshares Inc. and Capital City Bank Group Inc., among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James Hillebrand
Chairman and Chief Executive Officer
Philip Poindexter
President
T. Clay Stinnett
Chief Financial Officer
Michael Rehm
Chief Lending Officer
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James Hillebrand
Chairman and Chief Executive Officer
Philip Poindexter
President
T. Clay Stinnett
Chief Financial Officer
Michael Rehm
Chief Lending Officer
Shannon Budnick
EVP and Director of Wealth Management & Trust
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James Hillebrand
Chairman and Chief Executive Officer
— not reconciled
Philip Poindexter
President
— not reconciled
T. Clay Stinnett
Executive Vice President and Chief Financial Officer
— not reconciled
Michael Rehm
Executive Vice President and Chief Lending Officer
— not reconciled
William Dishman III
Executive Vice President and Chief Credit Officer
— not reconciled
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
HillebrandPSU
HillebrandOPTION
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Michael RehmOption
Option2/25/2030
Option2/14/2032
Option2/13/2033
Option2/19/2029
PSU
Option
Option2/25/2031
Option2/12/2034
PSU
Option
Option
Option
PSU
James HillebrandPSU
Option
PSU
PSU
Option
Option
Option
Option
T. Clay StinnettPSU
PSU
Option
Option
PSU
Option
Option
Option
Philip PoindexterOption
PSU
Option
Option
Option
PSU
PSU
Option
William DishmanOption
Option3/21/2027
PSU
PSU
Option
Option
Option
Option
PSU
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stephen M. Priebe
Lead independent director
Richard A. Lechleiter
Carl G. Herde
Edwin S. Saunier
Paul J. Bickel III
John L. Schutte
Shannon B. Arvin
Allison J. Donovan
Laura L. Wells
Daniel Heintzman
David L. Hardy
Philip S. Poindexter and James A. Hillebrand served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer
Board equity retainer
Total board retainer
Board chair premium
Lead independent director premium
Audit committee chair
Audit committee member
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • 1st Source Corporation SRCE
  • Amerant Bancorp Inc. AMTB
  • Berkshire Hills Bancorp Inc. BBT
  • Business First Bancshares Inc. BFST
  • Capital City Bank Group Inc. CCBG
  • City Holding Company CHCO
  • FB Financial Corporation FBK
  • First Busey Corporation BUSE
  • First Financial Bankshares, Inc. FFIN
  • Mercantile Bank Corp. MBWM
  • National Bank Holdings Corporation NBHC
  • Nicolet Bankshares Inc. NIC
  • Northwest Bancshares Inc. NWBI
  • Park National Corporation PRK
  • Peapack-Gladstone Financial Corporation PGC
  • QCR Holdings, Inc. QCRH
  • Sandy Spring Bancorp, Inc. SASR
  • South Plains Financial Inc. SPFI
  • Southside Bancshares, Inc. SBSI
  • The First Bancshares, Inc. FBMS
  • Tompkins Financial Corporation TMP
  • Univest Financial Corporation UVSP

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 23, 2026=
2024April 24, 2025=
2023April 25, 2024=
2022April 27, 2023=
2021April 28, 2022=
2020April 22, 2021=
2019April 23, 2020=
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What this page does not include

Everything above is a fact Stock Yards Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Stock Yards Bancorp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
254 figures on this page: 247 cited to the filing that reported them, 7 calculated from figures it prints.
247 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001437749-26-013763
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001437749-26-007879
    2025 Director Compensation · Director Compensation · Grants of Plan-Based Awards Table · Outstanding Equity Awards at Fiscal Year End Table · and 1 more section
  3. 0001437749-25-013420
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001437749-25-007118
    Summary Compensation Table
  5. 0001437749-24-014120
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001437749-24-007749
    Summary Compensation Table
  7. 0001437749-23-012025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001437749-22-010582
  9. 0001437749-21-009699
  10. 0001157523-20-000576
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Velarion, “Stock Yards Bancorp executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/SYBT (accessed 2026).
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Banking rankings

Chief executive payBankingCEO pay ratioBankingSay-on-pay supportBanking

Peers Stock Yards Bancorp discloses

The companies named in SYBT's own disclosed peer group.

1st Source CorporationAmerant Bancorp Inc.Berkshire Hills Bancorp Inc.Business First Bancshares Inc.Capital City Bank Group Inc.City Holding CompanyFB Financial CorporationFirst Busey CorporationFirst Financial Bankshares, Inc.Mercantile Bank Corp.National Bank Holdings CorporationNicolet Bankshares Inc.Northwest Bancshares Inc.Park National CorporationPeapack-Gladstone Financial CorporationQCR Holdings, Inc.South Plains Financial Inc.Southside Bancshares, Inc.Tompkins Financial CorporationUnivest Financial Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy